At what net amount will accounts receivable for Anderson Company be reported on the balance sheet if the gross receivable balance is $58,000 and the allowance for doubtful accounts is estimated at 3% of gross receivables? Show how Accounts Receivable and Allowance for Doubtful Accounts would be reported on the Balance Sheet.

At what net amount will accounts receivable for Anderson Company be reported on the balance sheet if the gross receivable balance is $58,000 and the allowance for doubtful accounts is estimated at 3% of gross recelvables? Show how Accounts Recelvable and Allowance for Doubtful Accounts would be reported on the Balance Sheet. 3 points